DE8-6 Link Back to Chapter 5 (Recording Sales Transactions). This exercise continues the sit- uation of Daily Exercise 8-5, in which SBC Communications ended the year 20X3 with accounts receivable of $90,000 and an allowance for uncollectible accounts of $12.000. During 20X4. SBC Communications completed the following transactions: 1.

Net credit sales. $800,000 (ignore cost of goods sold).2. Collections on account. $690,000. 3. Write-offs of uncollectibles. $15,000.

4.Uncollectible-account expense. 1.8% of net credit sales. Journalize the foregoing 20X4 transactions for SBC Communications.